Budget Issues: Staff Studies for Fiscal 1977U.S. Government Printing Office, 1976 - 165 pages |
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Page 7
... depends on which index is being used . No one's cost of living will be lower as a direct effect of the pay restraint . Yet the visibility of the Federal pay raise suggests that it may have a significant effect on other wage decisions ...
... depends on which index is being used . No one's cost of living will be lower as a direct effect of the pay restraint . Yet the visibility of the Federal pay raise suggests that it may have a significant effect on other wage decisions ...
Page 12
... depends on its effect on wage rates . Historically , wage settlements have responded to changes in price inflation . If wage inflation were to moderate in response to the one - shot reduction in prices , then the long - run rate of ...
... depends on its effect on wage rates . Historically , wage settlements have responded to changes in price inflation . If wage inflation were to moderate in response to the one - shot reduction in prices , then the long - run rate of ...
Page 13
... depend on many other factors , the most important of which may be monetary policy . A. THE OUTLOOK No one has been able to forecast prices very accurately , particularly in recent years when special inflationary factors other than the ...
... depend on many other factors , the most important of which may be monetary policy . A. THE OUTLOOK No one has been able to forecast prices very accurately , particularly in recent years when special inflationary factors other than the ...
Page 14
... depend on the level of demand . The Congressional Budget Office's ( CBO ) Five Year Budget Pro- jections describes two alternative growth paths : ( A ) a path which averages 5 percent real growth between now and 1981 and ( B ) a 6 ...
... depend on the level of demand . The Congressional Budget Office's ( CBO ) Five Year Budget Pro- jections describes two alternative growth paths : ( A ) a path which averages 5 percent real growth between now and 1981 and ( B ) a 6 ...
Page 16
... depends on several other factors . ( 1 ) It depends on the speed with which firms pass through their cost changes to consumers . ( 2 ) It depends on whether changes in final prices get magnified by having an effect on future wage ...
... depends on several other factors . ( 1 ) It depends on the speed with which firms pass through their cost changes to consumers . ( 2 ) It depends on whether changes in final prices get magnified by having an effect on future wage ...
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Common terms and phrases
accelerated public addition adjusted AFDC alternative annual average beneficiaries benefit payments billion in fiscal block grant Brezhnev categorical grants changes child nutrition Congressional Budget Office cost countercyclical create defense deficit disabled dollars earnings economic effect eligible eliminated employability employee estimated expenditures fast growth Federal Government Federal grants fiscal year 1977 food stamps growth path higher household heads impact income maintenance income tax increase individuals inflation rate inflationary labor force major manpower Medicaid Medicare ment military retirement missile nuclear OASDI options outlays payroll tax pension percent period ployment President's proposal problem projects public employment program recession recipients reduce result retirement income revenue sharing savings Senate Budget Committee social security Soviet Union State-local stimulus strategic subsidy Table teenagers tion trust fund unem unemployed unemployment benefits unemployment compensation unemployment insurance unemployment rate veterans wage welfare workers
Popular passages
Page 107 - Third, the maximum amounts on which the credit is based are reduced by one-half of adjusted gross income in excess of $7,500 for' a single person and $10,000 for a married couple filing a joint return ($5,000 for a married...
Page 107 - As indicated above, the credit is available only to those with retirement income — that is, some form of investment or pension income in the taxable year. Elderly individuals who must support themselves by earning modest amounts and who have no investment or pension income are not eligible for any relief under the present credit. This has given rise to considerable criticism as to the fairness of the tax law; many elderly individuals who rely entirely on earned income maintain that they should...
Page 119 - Peking's frantic attempts to torpedo detente, to obstruct disarmament, to breed suspicion and hostility between states, its efforts to provoke a world war and reap whatever advantages may accrue, create a great danger for all peace-loving peoples.
Page 79 - Financial interchange provisions are established so that the old-age and survivors insurance trust fund and the disability insurance trust fund...
Page 96 - We can retire optionally at age 55 with 30 years of service, at age 60 with 20 years, or 62 with 5 years.
Page 107 - ... credit to higher income taxpayers. Consequently, the maximum amounts of the base for the credit are reduced by one-half of the adjusted gross income in excess of $7,500 for a single person and $10,000 for a married couple filing a joint return ($5,000 for a married taxpayer filing a separate return) . Thus, for a single person, the credit would no longer be available when his adjusted gross income reaches $12,500 ($7,500 plus two times $2,500). For a joint return the credit would be available...
Page 120 - The Soviet Union is adhering to the doctrine that socialist countries have the right to interfere in each other's affairs in their own interests or those of others who are threatened.
Page 116 - The policies pursued by this administration have been designed to prevent Soviet expansion but also to build a pattern of relations in which the Soviet Union will always confront penalties for aggression and also acquire growing incentives for restraint.
Page 79 - The most critical issues, however, relate to the Medicare program. Both the Hospital Insurance Trust Fund and the Supplementary Medical Insurance Trust Fund show alarming financial results...
Page 45 - The Cyclical Behavior of Income Transfer Programs: A Case Study of the Current Recession, Technical Analysis Paper No.